New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $61.9250.

EDU has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $67.00 to $65.00 in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of New Oriental Education & Technology Group in a research note on Tuesday, July 21st. Wall Street Zen lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, New Street Research set a $56.50 price target on New Oriental Education & Technology Group in a research note on Thursday, July 30th.

New Oriental Education & Technology Group Stock Down 0.2%

Shares of NYSE:EDU opened at $55.55 on Monday. The company has a market cap of $8.78 billion, a PE ratio of 18.77, a P/E/G ratio of 0.59 and a beta of 0.23. The company’s 50-day moving average price is $54.86 and its 200 day moving average price is $52.59. New Oriental Education & Technology Group has a fifty-two week low of $44.25 and a fifty-two week high of $64.97.

Insider Buying and Selling at New Oriental Education & Technology Group

In related news, Director Yue Zhuge sold 1,600 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $59.55, for a total transaction of $95,280.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $119,100. This trade represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chenggang Zhou sold 56,948 shares of New Oriental Education & Technology Group stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $56.83, for a total value of $3,236,354.84. Following the transaction, the director directly owned 429,998 shares in the company, valued at approximately $24,436,786.34. The trade was a 11.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 72,170 shares of company stock worth $4,100,348. 15.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of New Oriental Education & Technology Group by 106.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $31,000 after purchasing an additional 279 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of New Oriental Education & Technology Group by 10.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,372 shares of the company’s stock valued at $186,000 after purchasing an additional 324 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of New Oriental Education & Technology Group by 3.9% in the 4th quarter. Profund Advisors LLC now owns 19,945 shares of the company’s stock valued at $1,098,000 after purchasing an additional 750 shares during the last quarter. Persistent Asset Partners Ltd boosted its holdings in New Oriental Education & Technology Group by 11.0% in the fourth quarter. Persistent Asset Partners Ltd now owns 11,825 shares of the company’s stock worth $651,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of New Oriental Education & Technology Group by 42.7% during the 4th quarter. Hantz Financial Services Inc. now owns 4,845 shares of the company’s stock worth $267,000 after acquiring an additional 1,450 shares in the last quarter.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc is a China-based education services provider that offers learning programs through online platforms and physical schools and learning centers. The company serves students, families and adult learners with services covering language training, test preparation, educational consulting and other academic programs.

Its offerings have historically included preparation for overseas admissions and examinations such as TOEFL, IELTS, SAT, GRE and GMAT, as well as overseas study consulting, domestic examination preparation, primary and secondary education services, and educational materials and software.